Scholarship Administration
The PBL Education Foundation offers two different
scholarship categories that it will administer for the donor:
Sponsored Scholarships
The first is a Sponsored Scholarship that is named for a person or
organization. A minimum of $5,000 is required to establish this type
of scholarship. A three-year commitment is required with a minimum
of one $1,000 scholarship to be awarded per year. The Foundation
charges a 10 percent administration fee for administering this
scholarship. Administration includes: providing scholarship
information via the the Foundation's website, the high school
counselor's office, and local newspapers; preparing an application
blank appropriate for students to use in the application process;
collecting the applications by the specified due date; "blinding"
the returned applications so that the selection group is not biased
either for or against a candidate based on their name; scheduling a
meeting of judges to make the selection of the winner. Any input
that donors choose to make in any of the above steps is encouraged.
Winners are announced at the Annual Senior Awards Ceremony which is
held on an evening close to the end of each school year. The
Education Foundation sponsors a formal reception for students, their
parents, and guests who attend this ceremony. Donors are invited to
make the presentation of their scholarship to the winner or a
Foundation Board member will do so.
At the present time, the Education Foundation administers the
following sponsored scholarships:
Farmers-Merchants
National Bank
Virginia
Graham Memorial Scholarship
Ryan Coe Memorial
Scholarship
If you are interested in having the Education Foundation administer
a scholarship established in someone's name, please contact the
Foundation at:
PBL Education Foundation
P.O. Box 192
Paxton, IL 60957
217-386-2041
pbl@pblfoundation.org
General Fund
Scholarships
The second type of scholarship is a General Scholarship Fund. This
requires a minimum of $500 donation to the General Scholarship Fund.
Once the General Scholarship Fund reaches $1,000, a scholarship will
be awarded. Any money not adding up to $1,000 increments is
reinvested and used for the next calendar year. The Foundation
charges a 10 percent administration fee for handling this
scholarship also.